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Since oil company profits are up 40+ %, why don't they [View All]

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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-05 09:51 AM
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Since oil company profits are up 40+ %, why don't they
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start building some of those refineries they claim they need so badly to "hold prices down"..Every time someone dares to ask them why prices are so high, they always have that old excuse handly.. "20 refineries closed"..Um who closed them?? They did! Why? because their "exclusions" were running out, and they would have had to upgrade their pollution controls, so they just closed them down.. the silver lining in their plan, was tat they could then create their own scarcity..

"Gee it gets COLD in the winter?? who knew? every winter"? Every year they use the "switchover" as a reason why supplies get scarce and costs go up. Maybe they could use some of these outrageous profits and build some refineries that were located in areas of need... say..

a heating oil facility in the northeast..and more gasoline refineries where people have big commutes..

they have the power to "self-regulate" so that their supply is stable, but they prefer the instability..
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